Rupee gains Rs 1.10 against dollar in interbank trading, closes at Rs292.78

ISLAMABAD (APP) - Pakistani rupee on Thursday witnessed the 13th consecutive recovery session as it gained Rs 1.10 against the US dollar in the interbank trading and closed at Rs 292.78 against the previous day’s closing of Rs 293.88.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 293 and Rs 295.9 respectively.

The price of the Euro decreased by Rs2.31 to close at Rs 311.98 against the last day’s closing of Rs 314.29, according to the State Bank of Pakistan (SBP). The Japanese Yen came down by 1 paisa to close at Rs 1.97, whereas a decrease of Rs 3.17 was witnessed in the exchange rate of the British pound, which traded at Rs 360.23 as compared to the last closing of Rs 363.40.

The exchange rates of the Emirates dirham and the Saudi riyal declined by 30 and 29 paisa to close at Rs 79.71 and Rs 78.05 respectively.

On the other hand, the 100-index of the Pakistan Stock Exchange (PSX) turned around and gained 312.55 points, showing a positive change of 0.68 per cent and closing at 46,202.13 points against 45,889.58 points the previous day.